The Waiting Game: GTA Condos Taking More Than 3x Longer To Sell

This blog discusses the current state of the Greater Toronto Area (GTA) condo market and the increasing length of time it is taking for condos to sell. The author notes that condos are taking over three times longer to sell compared to the same period last year, with the average time on the market increasing from 19 to 61 days. The blog discusses some of the factors that may be contributing to this trend, such as an oversupply of condos, changing buyer preferences due to the pandemic, and the impact of government policies on the real estate market. The author also provides advice for sellers in the current market, such as pricing their units competitively, staging the space effectively, and considering creative marketing strategies to attract potential buyers.